VAALCO ENERGY INC /DE/ (EGY) Form 10-Q — May 11, 2026
VAALCO Energy, Inc. reported a significant net loss of $93.8 million for the quarter ended March 31, 2026, compared to a net income of $7.7 million in the same period of 2025. This loss was primarily driven by a $70.6 million net loss on derivative instruments and a $47.7 million decrease in revenues, reflecting lower sales volumes and prices in Gabon, Côte d’Ivoire, and Canada. The company's revenues from crude oil, natural gas, and NGLs sales decreased by 43% to $62.6 million, with Gabon contributing $21.4 million, a decrease of $30.8 million from the same period in 2025.
Key figures
- Eps Beat
- 0
- Revenue
- 62599
- Total Debt
- 575758
- Debt Amount
- 152000
- Total Assets
- 920662
- Cash Position
- 48044
- Deal Value Usd
- 0
- Interest Rate
- 10.2
- Maturity Date
- March 4, 2031
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Shares Outstanding
- 104258253
- Derivative loss
- 70581
- Production expense
- 28379
- Credit losses other
- 271
- Exploration expense
- 22394
- Loss on asset divestment
- 1202
- General administrative expense
- 8276
- Depreciation depletion amortization
- 18212
Price after filing
Close on the filing date to close N calendar days later (from $6.06). Historical, not a forecast.
AI analysis
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